The Human Side of Wealth
Paul’s team has a specialization in helping families identify core values for each generation and develop family mission statements. This process starts with the Baird Value Card exercise where each spouse of the founding generation determines their Top 5 Core Values. Combining the core values of each spouse, a Family Mission Statement can be drafted and communicated to the next generation.
"A Family Mission Statement helps people live in harmony with their core values when making major decisions."
Family Meetings
Paul can serve as an authority in structuring and conducting Family Meetings to discuss a broad range of subjects including:
- Discussion of Family Member Goals in an Open, Safe forum
- Estate Planning, Wealth Transfer and Protections of Assets
- Business Succession Planning & Informal Valuation
- Next Gen Value Discussions and Next Gen Family Mission Statements
- Raising Children with Wealth
- Optimal Frustration Creates Growth
Other trusted advisors, such as estate attorneys and tax accounts, are often included in Family meetings.
A Roadmap to Avoiding the Dangerous Three Generations of Wealth Destruction Cycle
Open, safe communication is essential for multi-generational stewardship of wealth and financial health, breaking the vicious, destructive three generation cycle, impacing 90% of successful families:
Generation 1: Creating the Wealth
Generation 2: Preserving the Wealth
Generation 3: Squandering the Wealth
A diligent focus on living in alignment with Core Values through the generations combined with thoughtful planning and protection of assets with resources such as Baird Trust. Paul’s family clients are thriving in the 10% that succeed beyond three generations.
Family Dynamic Training
In 2025, because of Paul's experience serving multi-generational families and business owners, he was part of a selected group of advisors invited to participate in a multi-year Family Dynamic Training.
Year one was led by Courtney Pullen, author of a wonderful book: Intentional Wealth: How Families Build Legacies of Stewardship and Financial Health.
What is Wealth Management?